Toronto Real Estate Board President Mark McLean announced Greater Toronto Area REALTORS® reported 4,672 residential transactions, as well as a combined 240,606 square feet of industrial, commercial/retail and office space leased (for properties where pricing was disclosed on a per square foot net basis), through TREB’s MLS® System in January 2016.

Centro Mortgage Inc. announced on January 12, 2016 that investors in a syndicate mortgage that funded a Fortress Real Developments Inc. project in Burlington received their principle back in full, in addition to receiving over 27%* total return; an 8.25%* annualized return on their investment.

In a presentation to the City’s Budget Committee on January 12, 2016, The Toronto Real Estate Board will be presenting its views, on the City’s proposed 2016 Operating Budget, focusing on two key homeowner issues, fair property taxes and inflationary adjustments to the Municipal Land Transfer Tax (MLTT), while respecting Mayor Tory’s MLTT election mandate and commending his leadership to ensure equity for taxpayers.

Toronto Real Estate Board President Mark McLean announced that TREB Commercial Network Members leased almost 6.1 million square feet of combined industrial, commercial/retail and office space in the fourth quarter of 2015. This result represented a 19.6 per cent year-over-year increase compared to the fourth quarter of 2014.

According to statistics released on January 15, 2016, by The Canadian Real Estate Association (CREA), national home sales edged lower in December 2015 compared to the previous month, but held above year-ago levels.

The second best sales result on record for December capped off a record year for TREB MLS® home sales in the GTA. Toronto Real Estate Board President Mark McLean announced that there were 4,945 sales reported in December bringing the 2015 calendar year total to 101,299 - a substantial 9.2 per cent increase compared to 2014 as a whole. Strong annual sales increases were experienced for all major home types last year.